Dar thanks WB for supporting Dasu Hydropower Project

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Federal Minister for Finance Senator Ishaq Dar on Monday thanked World Bank (WB) Managing Director (MD) Sri Mulyani Indrawati for her support for Dasu Hydropower Project and CASA-1000 which were on track.

In a meeting with Indrawati, the federal minister discussed the WB program portfolio in Pakistan.

Dar said that CASA-1000 project signing ceremony was scheduled for next week and the project will improve regional integration. He expressed hope that WB will continue to support Pakistan in its reforms for energy sector and economic growth.

On the occasion, Indrawati congratulated the finance minister on successful 6th Review of International Monetary Fund (IMF) program and expressed hope that Pakistan will continue its economic policies and reform agenda. She said that it was heartening that Pakistan was able to meet all performance criteria for the 6th review which proved that economy was on right path.

Indrawati stated that WB was examining two interventions to support Pakistan to continue reforms in energy sector and boost growth. She said that World Bank was glad to be Pakistan’s partner in development and wanted to resolve problems in energy sector. She reiterated that WB wanted to ensure inclusive growth and observed that the proposed interventions would bring further reforms in energy sector and take growth to a higher trajectory.